Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold (a) $79,500 $106,900 $116,000 (b) $46,800 $115,000 $35,500 (c) $111,000 $155,000 $30,300

Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold (a) $79,500 $106,900 $116,000 (b) $46,800 $115,000 $35,500 (c) $111,000 $155,000 $30,300

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Description: Presented below are the components in determining cost of goods sold.Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofGoods Sold(a) $79,500 $106,900 $116,000 (b) $46,800

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 40E: Identify items missing in determining cost of goods sold For (a) through (e), identify the items...

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	Beginning Inventory	Purchases	Cost of Goods Available for Sale	Ending Inventory	Cost of Goods Sold
(a)	$79,500	$106,900			$116,000
(b)	$46,800		$115,000	$35,500
(c)		$111,000	$155,000	$30,300